10-K · February 26, 2026
Arhaus reports revenue of $1,379,222,000 for the year ended December 31, 2025, up 8.5% from 2024, driven by omni‑channel growth and showroom expansion to 107 locations. Gross margin compressed to 38.9% (from 39.4% in…
Earnings analysis · 10-Q
ARHS earnings analysis
Filed May 7, 2026 · Our reading of the company's report
The latest report
For the three months ended March 31, 2026, Arhaus reported revenue of $314.3 million, reflecting a 0.9% increase from $311.4 million in the corresponding period of 2025. However, net income fell to $2.2 million from…
Read full summary
For the three months ended March 31, 2026, Arhaus reported revenue of $314.3 million, reflecting a 0.9% increase from $311.4 million in the corresponding period of 2025. However, net income fell to $2.2 million from $4.9 million, indicating profitability struggles amid rising costs. Gross margin as a percentage also declined to 36.4% from 37.1% in the previous year.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.02
What stood out
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Revenue growth despite cost pressures
Revenue increased by $2.9 million (0.9%) to $314.3 million compared to Q1 2025.
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Gross margin decline
Gross margin decreased to $114.4 million, or 36.4% of revenue, down from 37.1%.
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Lower net income
Net and comprehensive income fell to $2.2 million, down from $4.9 million.
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Increased SG&A expenses
SG&A expenses rose to $112.2 million, up $2.1 million from the prior year.
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Strong cash liquidity position
Cash and cash equivalents of $177.1 million maintain liquidity for operations.
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Stability in Showroom count
Total Showrooms held steady at 107 locations with no openings or closings during the quarter.
What to watch
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Cost increases impacting profitability
Increased product costs by $4.1 million and higher occupancy costs negatively impacted margins.
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Decline in demand
Comparable written sales decreased by 5.7%, indicating weakening demand for products.
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Material weaknesses in internal controls
Identified material weaknesses in internal controls could affect accurate financial reporting.
Management's outlook
Outlook deferred to earnings press release / call.
Earlier filings 4
10-Q · November 6, 2025
Arhaus reported Q3 net revenue of $344,570,000 (up from $319,133,000 a year ago) and diluted EPS of $0.09 (vs. $0.07 prior year). Gross margin for the quarter was $133,421,000 (≈38.7%) and operating income was…
10-Q · August 7, 2025
Arhaus reported a strong Q2 (three months ended June 30, 2025) with revenue of $358,435,000 and diluted EPS of $0.25, both meaningfully above the prior-year quarter and consensus. Gross margin and operating margin…
10-Q · May 8, 2025
Arhaus reported revenue of $311,372 (in thousands) for Q1 2025, up $16,210 from Q1 2024 but with materially compressed profitability: gross margin dollars were essentially flat at $115,587 while operating income fell to…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.